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Property profile & analytics
OFF-MARKET
Estimated value
$3,410,000
Turn key restaurants
1650 Ave K K Lancaster, CA 93534-5930
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9933889
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Construction
WOOD
Total area
5,942 SF
Lot
0.54 ac (23,443 SF)
Zoning code
LRC2*
APN
3125-009-034
UPID
US09-9933889
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Notary Public Mobile Services Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.41M
Owner & transaction history
Wan Leung Chung · 2 yrs held
Wan Leung Chung
since 2024
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
LRC2* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,410,000
ML approach
$3,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.41M
Range $3.07M – $3.75M · ±10% · vs last sale $3.41M (Mar 1 2024)
Last sale anchor
$3.41M
Mar 1 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$574 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$32,581
Tax year 2024
Assessed value
$1,310,729
Assessed 2024
Previous assessed
$1,310,729
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$273,299
Assessed improvement
$1,037,430
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,942 SF
Lot
0.54 ac (23,443 SF)
Zoning code
LRC2*
APN
3125-009-034
UPID
US09-9933889
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC2* · Lancaster, CA
Zoning LRC2* · permitted uses
LRC2* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Wan Leung Chung
Individual
Mailing address
249 GDN ARBOR CT, LAS VEGAS, NV 89148-5285
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$3,408,000
Wan Leung Chung
Sams Group LLC
Grant Deed
$2,600,000 · Royal Business Bank
Apr 12, 2022
—
Sams Group LLC
—
Deed
related
$900,000 · Western Alliance Bank
Sep 21, 2017
—
Sams Group LLC
—
Deed
related
$1,725,000 · Western Alliance Bank
Sep 15, 2017
—
Sams Group LLC
Soleimani Family Trust
Quit Claim Deed
—
Oct 12, 2016
—
Soleimani Family Trust
Soleimani,siyavoush & Sandra
Quit Claim Deed
related
—
Feb 5, 2016
$1,400,000
Siyavoush Soleimani
James Patrick Mar
Grant Deed
$1,283,000 · Western Alliance Bank
Mar 26, 2010
$1,870,000
James P Mar
Hom Allen E Trust
Grant Deed
$935,000 · Tomatobank NA
Dec 12, 2000
$1,382,000
Western Bay LLC
Captec Net Lease Realty INC
Grant Deed
$861,000 · First Continental Bank
Jun 23, 1999
—
Captec Net Lease Realty INC
—
Deed Of Trust
related
$125,000,000 · First Union National Bank
Jun 11, 1996
$1,100,000
Captec Net Lease Realty INC
Captec Leasing Co
Grant Deed
related
$100,000,000 · Cs First Boston Mortgage Capit
Dec 7, 1995
$1,100,000
Captec Leasing Co
California Family Restaurants
Grant Deed
—
Feb 7, 1992
—
Cal Fami Carrows
Restaurant Enter
Grant Deed
$21,284 · Marriott Corp
Feb 7, 1992
$900,000
Restaurant Enter
Big Boy Restaura
Trustees Deed
related
—
—
—
Hom Trust
—
Deed Of Trust
related
$861,000 · First Continental Bank
—
—
Carrows California Family Rest
—
Deed Of Trust
related
—
—
—
Hom Trust
—
Deed Of Trust
related
$200,000 · United Pacific Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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